How I Lost $45 Million, Made It All Back & Then Some (with Abe Breuer) | KOSHER MONEY Episode 17

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  • Опубликовано: 17 ноя 2024

Комментарии • 497

  • @luckyboypictures
    @luckyboypictures 2 года назад +68

    "With all the money I did not have, with all the debt I had over the years, with all of that I had 2007, 2008, millions and millions of dollars and we are going to get to that point in life, I WAS ALWAYS A RICH MAN." I love that quote, truly inspirational, thanks for sharing.

  • @SlotMachineSergei
    @SlotMachineSergei 2 года назад +51

    I’m a new listener to the podcast. I want to thank you Eli for giving me an opportunity to get introduced to the Jewish community and way of life. Being from NY I have always seen and been around Jewish people but never engaged in conversation with them due to my fear of unintentionally offending someone. My school principal and former manager were Jewish. Those guys were awesome and BOTH gave me encouragement and opportunity. I hope to have many more interactions with the Jewish community and hopefully make friends!

  • @brasileirasnoseua9523
    @brasileirasnoseua9523 2 года назад +9

    Gret podcast! My husband is an ADHD specialist for College students and young professionals, and he always says if people with ADHD could understand their power, they would be successful.

  • @prager5046
    @prager5046 2 года назад +102

    One of the important thing that has made this man successful is strong family ties so he felt protected and secured even in hard times. His upbringing, his parents who bestowed on him love and confidence as a boy.

    • @patandersen4271
      @patandersen4271 2 года назад +2

      well said and I agree !!.

    • @JB-pd3ir
      @JB-pd3ir 2 года назад +2

      A good family or friends that are like family is so important. If you have that even the worst failure is not so bad.

    • @gshoez5173
      @gshoez5173 2 года назад

      Wise words

    • @WildThings113
      @WildThings113 2 года назад +1

      Beautiful

    • @redacademy4795
      @redacademy4795 2 года назад

      Good point..
      This episode is worth to be studied..

  • @JasonDebly
    @JasonDebly 2 года назад +22

    Abe has the qualities I see over and over again in successful entrepreneurs:
    - always upbeat attitude;
    - never give up;
    - bounces back from failure, doesn’t dwell on it but learns from it;
    - no fear of debt;
    He also is obviously a very bright guy.

  • @trevorgwelch7412
    @trevorgwelch7412 Год назад +4

    Mr Abe Breuer , I love this guy - now I want to start my own business . 🥇🏆

  • @tradeforcharity
    @tradeforcharity Год назад +4

    He was asked When you were in $45M in debt, were you depressed” answer: “ppsssfff, No” ❤ love that

  • @quantummath
    @quantummath 2 года назад +52

    I love this dude, he makes total sense and has a clean no-BS style of conversation. Cheers.

  • @eugenethered3060
    @eugenethered3060 2 года назад +133

    "Negotiate the terms, not the price" - great advice (and reference to the book). Along with inspiring story.
    Thank you

    • @dxprofit
      @dxprofit 2 года назад +3

      Any chance you can share the name of the book. Trying to find it but haven't yet. Thank you.

    • @mattyfatstaxs
      @mattyfatstaxs 2 года назад +2

      That's huge, at what time in the video did he say that?

    • @kingstonstreet3726
      @kingstonstreet3726 2 года назад +3

      What’s name of the book?

    • @mottygraus4146
      @mottygraus4146 2 года назад

      I don't think he says a name. But he said the name of the man that wrote the book. It's Reicman, I think there is 2 books from him not sure which one.

    • @Steve-td1ph
      @Steve-td1ph 2 года назад +2

      Searched around for about 20 minutes, but possibly "The Reichmanns: Family, Faith, Fortune, and the Empire of Olympia & York" ? not sure though

  • @rhythmculturerecords1017
    @rhythmculturerecords1017 2 года назад +17

    it doesn't sound like he ever made 45 million in the early 2000's, sound like he just got into 45 million in debt. Very different things ! Glad to hear he is doing better now!

    • @joelsmith615
      @joelsmith615 2 года назад +3

      It doesn't sound like you listened to the podcast before commenting.😏

  • @albrown1812
    @albrown1812 2 года назад +4

    Very young he knew who he was,what he was,his strengths,his weaknesses and he wasn't afraid or had fear of jumping.

  • @victorcheg4556
    @victorcheg4556 2 года назад +54

    Lessons I learned from this podcast: 1) do not get married early and have kids. 2) do not buy luxuries items early in carrier. Instead Invest in dividend stocks and other passive cash flow and have savings. 3) be ready for economic crushes.
    Thank you for this podcast

    • @bunnyman6321
      @bunnyman6321 2 года назад

    • @mendykarp4859
      @mendykarp4859 2 года назад +1

      Money more important than family?

    • @mendykarp4859
      @mendykarp4859 2 года назад

      Not cool

    • @chatisawasteoftime
      @chatisawasteoftime 2 года назад

      @MJ Newsflash: unless you're really wealthy, you can never afford a family. So do you suggest only the rich have families?

    • @ahbe9232
      @ahbe9232 2 года назад

      @MJ it’s such a common sense but many ignorant kids ignore it and make other kids.

  • @Moneyneversleepsclub
    @Moneyneversleepsclub 2 года назад +199

    I am friends and work with many Jews, and I am big fan of Jewish culture and heritage, so I would like to ask you for a favor if you can explain certain words and phrases so we can better follow along and learn more about your culture. Great work otherwise. Greetings from Serbian-American.

    • @issie874
      @issie874 2 года назад +17

      great point

    • @privateequityguy
      @privateequityguy 2 года назад +2

      Serbia 🇷🇸!! You guys are great, I love your athletes. What a fighters you have there 👊😎

    • @__-bz7wh
      @__-bz7wh 2 года назад

      Oyyyyyyy vey

    • @bdfree901
      @bdfree901 2 года назад

      Drop questions in the comments!

    • @blaisepastel4505
      @blaisepastel4505 2 года назад +9

      Same, I’m African American and find so much value in this culture. The unity that Jews propose is what I feel we lack as traditional Americans. I feel like learning words and phrases brings me even closer

  • @chicagosveryown8159
    @chicagosveryown8159 2 года назад +40

    I love this guy’s energy, I’m a optimistic entrepreneur and guys like this give me hope.

  • @uanip1341
    @uanip1341 2 года назад +3

    This was amazing. My #1 takeaway is that “there’s a lot of money out there. Don’t think small”

  • @jimnaz8874
    @jimnaz8874 2 года назад +54

    His wife doesn't go on the helicopter with him because of it goes down they would both die. She's smart for sake of kids not the money. At least they would have one parent remaining. Absolutely spot on in conclusion, recognize WHO YOU ARE, WHATS RIGHT FOR YOU, WHAT YOU ARE HERE FOR. And you will feel it at everything you try. Don't ignore that feeling. It's there for a reason.

    • @frankrizzo484
      @frankrizzo484 2 года назад

      My cousin who is married don't fly together for this very reason

    • @menachem711
      @menachem711 2 года назад

      #Kobe

    • @otakuman9576
      @otakuman9576 2 года назад

      If it is int the plane its going to be something else. Sounds pretty selfish to me.

  • @actuaryaltair6280
    @actuaryaltair6280 2 года назад +2

    wow 9:00 his mum's answer about the garden is truly genius.

  • @flatbush46
    @flatbush46 2 года назад +3

    This is about to be one my favorite channels … I’ve watched 3 episodes in the past day..I love it..

  • @yitzchakmordechai
    @yitzchakmordechai 2 года назад +20

    What a fascinating guest. Thanks to both of you for taking the time to perform this interview.

  • @aaronag7876
    @aaronag7876 2 года назад +15

    Abe Breuer is an inspiration, as a fellow ADHD suffer from schools that didn't recognise Dyslexia and ADHD, because we were classed as "Problem Children". So to hear how well he did, even having ADHD. I don't have the confidence as Abe to start any business but thank you for sharing.

    • @LivingLchaim
      @LivingLchaim  2 года назад +4

      Keep it up! You’re doing great!

  • @joelwidman7242
    @joelwidman7242 2 года назад +22

    I particularly loved the portion where he explained that real estate should be thought of not so much as a business as much as an investment, great message that underlines the need for supplementary income from another source to fuel real estate acquisitions

  • @MrOrientalism
    @MrOrientalism 2 года назад +3

    Difficulties make you strong and smart, don’t be afraid of them.

  • @yacobcastro
    @yacobcastro 2 года назад +12

    This is one of the best RUclips videos I’ve ever seen.

  • @rachellebowitz5413
    @rachellebowitz5413 2 года назад +79

    Relating from a personal place this was painful to watch and moved me to tears. It’s fortunate that Abe’s story has a happy outcome. But how many don’t? We need to educate our youth to not use the world as their casino.

    • @stephensullivan1879
      @stephensullivan1879 2 года назад +2

      yes mam your right I feel almost robbed not knowing anything about making money. completely ignorant I am.

    • @ahbe9232
      @ahbe9232 2 года назад +1

      @@stephensullivan1879 knowledge is power 🙏

    • @goldenduck854
      @goldenduck854 Год назад +1

      No we need to tell them chase their dreams

    • @tms.midi.199x
      @tms.midi.199x Год назад

      @@goldenduck854 💛

    • @nataliasabure6352
      @nataliasabure6352 Год назад

      ​@@stephensullivan1879?

  • @sparkxshawty
    @sparkxshawty 2 года назад +9

    As a Muslim brother I enjoyed this

  • @kingnay08
    @kingnay08 2 года назад +34

    I am so glad I found this channel. This is the best interview I have heard this year. You’re a great interviewer as well. You let your guest speak and you ask the right questions.

    • @adilanehc6525
      @adilanehc6525 2 года назад

      With sincere thanks to BOTH 😘😅😇🧚‍♂🍇🍒🍓🫐🍉🍊🍑🍄

  • @LMcBee
    @LMcBee 2 года назад +23

    Abe is a great character, I emphathise with his wife in the tough days. Their resilience is admirable. Keep it up Kosher Money 🍒 great content

  • @jimmy_jackson12
    @jimmy_jackson12 2 года назад +6

    Fantastic interview!
    I’d love to see another interview with Abe where he goes deep on how he began his business with John to go and the struggles he went through!
    Was great to listen to!

  • @iammaybach6218
    @iammaybach6218 Год назад +1

    I’m hoping you have him back soon given our current economic climate I feel that Abe would have great advice and would help many dodge future economic struggles.

  • @mrkan34
    @mrkan34 2 года назад +3

    I m not Jewish but brother that Story is Phänomal and realy nice to share his story with us. I learned something again.

  • @ThePsypsy1
    @ThePsypsy1 2 года назад +5

    He is amazing and real. Please bring him back to talk about how he started his business

    • @abebreuer
      @abebreuer 2 года назад

      Thanks TJ, glad you enjoyed

  • @keithrichards4050
    @keithrichards4050 2 года назад +33

    Incredibly well done, both host and guest were a perfect match with their personalities and energy. My very first time on the channel and will subscribe and put the vibes out to have Abe back on soon as a guest. I'd love to hear more gritty details about SBA loan process and pitfalls. Thank you both for your time making that interview happen.

  • @brentskomsky4669
    @brentskomsky4669 2 года назад +6

    Abe should start his own RUclips channel , great guest

  • @vincentoconnell927
    @vincentoconnell927 2 года назад +11

    This man is truly an inspiration. And thank you to both of you and the production team for a truly motivating and informative set of insights - while entertaining us all along the way

  • @jumbosa7546
    @jumbosa7546 2 года назад +7

    I love this channel! The transparency of the host and the guests are inspiring!

  • @jackkensik7002
    @jackkensik7002 2 года назад +6

    I have watched some of your videos, and this guy is FAR and above the best interview. There isn't some grand statement its just real, and that is really the best thing you can put out.

  • @zayiith
    @zayiith 2 года назад +2

    What's happening with Abe is that he thinks a lot faster than most ppl, he can see multiple solutions at once. And life is all about solutions and ideas, ones who can think up the best solutions most quickly will prosper the most. His mind is probably a whirlwind of ideas and solutions all the time.
    The reason why he didn't get depressed as much during his indebtedness is because he was actually doing something to solve the problem. Ppl active in solving problems are less prone to be brought down and under. Inactivity in resolving a problem is what creates fear paralysis.

  • @Dancing_Alone_wRentals
    @Dancing_Alone_wRentals 2 года назад +8

    50:30 Mr. Breuer's view of the act of attending college placing your entrepreneurial spirit at risk is refreshing. I consider myself a fan of colleges, my work puts me in contact with grad and doctoral students. At that level these folks most often are helpless in many aspects of day to day life. It would be interesting to thumb through the statistics of business school graduates and see whether they too are effected.

  • @phillipoliver2106
    @phillipoliver2106 Год назад +2

    I disagree when people say college does nothing. We can learn from all walks of life. In many cases students lack the guidance to get the most out of their education, once they leave school.

    • @WorldifySanity
      @WorldifySanity 7 месяцев назад

      College nowadays will make your children brainwashed.

  • @BennyBNYC
    @BennyBNYC 2 года назад +13

    I love this guy. What a character!

  • @fresherthansocietymh657
    @fresherthansocietymh657 2 года назад +5

    THIS WAS AMAZING!!!!! GOD BLESS THIS MAN SOUL IM ORIGINALLY FROM NY I LOVE HIS DELIVERIES

  • @shabsikabacznikesq.5487
    @shabsikabacznikesq.5487 2 года назад +12

    title is a little misleading. He did not lose 45m. he lost 5m equity he had. The bank lost the rest lol.
    Still, beautiful story!

  • @epilefchannel9424
    @epilefchannel9424 2 года назад +19

    just.... wow... this is just incredible, the energy, the intelect, the life, the trust, the positivity out of this man can just be brought by a trust in god ... its amazing to see, thank you so much for this, i hope you can make kosher money keep coming! i am learning so much!

  • @thatguyshawn3570
    @thatguyshawn3570 2 года назад +2

    This guy is brilliant and so down to earth.

  • @albrown1812
    @albrown1812 2 года назад +1

    You know what I learned in this channel Jews have stories for many if not most scenarios,gives you greater understanding of certain situations.

  • @arah924
    @arah924 2 года назад +5

    every minute of this was pure gold, im glad this came up on my recommended page

  • @Rebelu833
    @Rebelu833 Год назад +2

    Thank you both. One of the best videos I've ever watched. ⭐️⭐️⭐️⭐️⭐️⭐️⭐️👏👏👏

  • @christianjon8064
    @christianjon8064 2 года назад +2

    I like the way this dude thinks. I’m very similar in a lot of ways in my craziness and delusionality. This is the type of information I need, I’m drawing out a lot of value out of this interview. Thanks.

  • @ir7802
    @ir7802 2 года назад +8

    Wow!Fascinating story. What an eye opener and such a mentch.

  • @mircic91
    @mircic91 2 года назад +4

    Hi from Serbia, Belgrade. Love business stories, keep up the good work folks.

  • @themarcbon
    @themarcbon 2 года назад +5

    Pretty awesome to hear. I am glad I found this channel.

  • @aem25
    @aem25 2 года назад +6

    This was so fantastic. I loved learning from this guy. Great job.

  • @LouieTzepher
    @LouieTzepher 2 года назад +2

    I like this guy’s stories and his personality and outlook, Reminds me of the Na Nachs.

  • @stief9090
    @stief9090 2 года назад +8

    Thanks for sharing, helped me reflect a lot about myself

  • @1realtruthrightnow742
    @1realtruthrightnow742 2 года назад +1

    His story is very similar to mine. When the crash happened I lost it all. The only difference between his story and mine, is that my wife left me when it happened, his stayed. This made an already unbearable situation even worse. He's got a good wife, and I really like this man attitude. My family looks down on the trades, I never understood that.

  • @igornovik3468
    @igornovik3468 2 года назад +19

    I like how real this entrepreneur is. Honest, no bs, straight to the point! Love it!
    Like and subscribe.

  • @JeffSayYes
    @JeffSayYes 2 года назад +3

    Thank you for doing this interview. Really inspiring and educational

  • @Aarona_TheVirgo
    @Aarona_TheVirgo Год назад

    I need reminders like this. I never made a million dollars to be reminded people had and lost way more and recouped is super inspiring👏🏽👍🏽 thanks

  • @walterthorne4819
    @walterthorne4819 Год назад

    I also read the Paul Reichmann biography and found it to be a most amazing book about a truly fascinating family

  • @williammccabe5420
    @williammccabe5420 2 года назад +6

    Great story - Proof that perseverance pays off in the long run!!

  • @TrailBlazer5280
    @TrailBlazer5280 Год назад

    THis was one of the better episodes. I love his energy and his information was very insightful and eye opening.

  • @thatsthewaythecookiecrumbles
    @thatsthewaythecookiecrumbles 2 года назад +3

    A friend sent me the link to this show. Interesting. He experienced a lot of miracles - we all do - daily - as a frum businessman, we all realize that it's all a gift from The Creator - I have a chavrusa who is also a businessman - we begin each night with the same question - what nissim - miracles did you experience TODAY - and we each have a small story to share - and then we begin our learning. We all have to constantly be cognizant that the money is a gift and we have to use it correctly. Bracha V'Hatzlacha!

  • @mandesaip5473
    @mandesaip5473 2 года назад +5

    Abe thank you for sharing your richness!

  • @johnwebber8392
    @johnwebber8392 2 года назад +5

    As I watch the canadian market grow to the biggest bubble and as a mortgage agent I relate with this I'm not Jewish so a few words I had to look up but what a fantastic show you two put out ,thank you

  • @BenSkyLakewood
    @BenSkyLakewood 2 года назад +8

    Just added on Spotify thanks for letting me know 🙏

  • @davidrabie
    @davidrabie 2 года назад +6

    Absolutely loving these shows.

  • @stephensullivan1879
    @stephensullivan1879 2 года назад +7

    what a wonderful interview. if I only knew Yiddish. I feel like I'm missing out on the nuances of this man, yet very informative still.

  • @AZZapper11
    @AZZapper11 2 года назад +5

    Thank you so much for your presentations and your guests. I gives me a deeper understanding of Jewish Culture, business practices and ethics. When I lived in NYC, they appeared kind of mysterious to me, but it was due to my ignorance. Thank you for opening my eyes. Too bad I was not courageous enough back then to engage them and enjoy their presence. I could've learned a bunch and I certainly needed it. But it is never too late.

  • @richardkaplan1913
    @richardkaplan1913 2 года назад +3

    I met you in chicago when you were purchasing the Realtor’s building with David Bossi
    I’m glad you are doing well.
    CR

  • @understandingstocks
    @understandingstocks 2 года назад +3

    amazing story, love this, especially the power cut story . thank you!

  • @genienewme
    @genienewme 2 года назад +3

    I've learned so much from this video! will watch twice!

  • @kintyr
    @kintyr 2 года назад +2

    This was excellent. Great selection of guests on this channel.

  • @doyouknow007bond
    @doyouknow007bond 2 года назад +4

    One of the best podcast out there! שכוייח

  • @christianjon8064
    @christianjon8064 2 года назад +10

    I think there’s a certain value you extract from facing those situations where everything is falling apart around you are having to go all out against the pressure and face impossible odds and lose. Then shake that off and continue on like essentially nothing ever happened but having racked up the experience under your belt. That’s the only way you can know just what you’re made of and what you got in you. You learn things about yourself. And it’s amazing just how long you can keep it going sometimes even if in the end you can’t make it work out. Life is all about just hanging on by a thread to try again later once you regroup. As long as you can stay alive there’s always a chance. And there’s always another opportunity, even tho in the moment you want to just focus on the one at hand.

  • @jj-bz5es
    @jj-bz5es Год назад +4

    This show is awesome and very informative im not jewish but I appreciate this content and this guest was great and I learned a lot thank you for sharing stay blessed

  • @danarobinson6156
    @danarobinson6156 2 года назад +2

    Absolutely 💯 phenomenal interview. Loved the guest.

  • @sellersplus7960
    @sellersplus7960 2 года назад +4

    thank you for this amazing interview

  • @jonathanshalom4678
    @jonathanshalom4678 2 года назад +9

    This was great! Thank you for sharing

  • @tseringnamgyal6662
    @tseringnamgyal6662 2 года назад +1

    Abe Breuer is a very resilient guy

  • @thorarthur66ddz
    @thorarthur66ddz 2 года назад +1

    Abe seems very smart. Great to learn about him.

  • @onewillprice
    @onewillprice 2 года назад +5

    a likeable human being. Thanks for sharing.

  • @NikkiO2000
    @NikkiO2000 Год назад

    4:30am day before Resurrection Sunday. I always find the best YT videos iand channels!

  • @graywilliams_77.
    @graywilliams_77. Год назад

    I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.

  • @pedroariza7892
    @pedroariza7892 2 года назад +30

    I see this guy is highly distractible, but I can't help but admire how in his head, he's keeping it all together. This guy might be labeled ADHD, but I think he's just brilliant. Not perfect, but brilliant doesn't mean perfect....just my tow cents...

    • @samaleeman
      @samaleeman 2 года назад

      being adhd and brilliant are not mutually exclusive!

    • @lescrooks4360
      @lescrooks4360 2 года назад

      I noticed he didn't mentioned something which is valuable to in the Jewish world, which is charitable giving. Maybe that's why he was having so much destruction results in his businesses.

  • @natannagar9943
    @natannagar9943 2 года назад +1

    "Real estate is not a business, it's an investment." He's saying you can't expect to make money from real estate on a timetable. When the investment ripens, it ripens. There is no real steady timely income from real estate. There's no frequent cash flow. That's what he's saying. This is the same guy that didn't bother renting properties because he could buy at 100k and sell at 160k.
    Great podcast.

  • @browpetj
    @browpetj 2 года назад +3

    Great story. One in a million I guess. Really good insight at the end from the guy too. Thanks!

  • @qq3528
    @qq3528 2 года назад +3

    I have a similar story as this guy and did it well. Thank you for share us!

  • @macraeolinger
    @macraeolinger 2 года назад +1

    Good conversation! I feel like he does, hate the 9/5 desk, office paperwork life. I LOVE the commercial RE angle.

  • @angusseletto1511
    @angusseletto1511 Год назад

    Wow is right....Love Abe and his honesty and dismissiveness i would think thats rare for Orthodox.
    Thanks Eli.
    This is a great example of your penetration through RUclips.Purely based on your contents quality

  • @sholem1382
    @sholem1382 2 года назад +3

    Thanks for the incredible inspiration was crying from ur wife pain, and laughing love ur personality, Thanks for sharing ur story

  • @mattbailey4827
    @mattbailey4827 Год назад +2

    So much wisdom in these videos

  • @bongaisimba
    @bongaisimba 2 года назад +4

    What an amazing channel and thank you for these!

  • @blackharvardgroup
    @blackharvardgroup 2 года назад +1

    23:36 Example of Don't Negotiate The Price, negotiate the TERMS!!

  • @seanrobbins3855
    @seanrobbins3855 11 месяцев назад

    The $40+M from the bank was non recourse. Meaning, if you default on the loan, the bank takes the property and you walk away. No personal guarantee. He was only liable to pay back the money owed to his investors. Regardless, this man has nerves of steel. Great story!

  • @Malouco
    @Malouco 2 года назад +5

    People leave college and don’t wanna take any risk bc they are in debt and they do scare u into thinking u should just clock in and clock out till ur debt is paid off!
    Typically people don’t want to risk their finances if they were taught to be an in debt worker

  • @karny27
    @karny27 2 года назад +9

    Keep it those episode coming amazing interview vary inspiring

  • @lescrooks4360
    @lescrooks4360 2 года назад +4

    Great Guy, would hang out with him. Learned a lot !!

  • @ahbe9232
    @ahbe9232 2 года назад +1

    I really admire the cohesion your culture have🙏

  • @joseph.bkazmi
    @joseph.bkazmi 2 года назад +5

    love this webcast! first time watching this, i have to say i love Abe. Great guy, great energy! Mazel Tov!

  • @mansahasare9450
    @mansahasare9450 Год назад

    He seems to have had a good time all the time. Gonna pray God bestows me that personality